Annual profit more than doubled in 2021: Saudi Aramco

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AFP, Riyadh :
Energy giant Saudi Aramco Sunday posted a 124 per cent jump in 2021 net profit due to higher crude prices, as global economic growth recovered from the pandemic induced 2020 downturn.
“Aramco’s net income increased by 124 per cent to $110.0 billion in 2021, compared to $49.0 billion in 2020,” the company said in a statement.

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